Current Inflation Rate 2024 South Africa. The average inflation rate for the year was 6,0%, lower than 2022โs 6,9%. Inflation, consumer prices (annual %) in south africa was reported at 6.0739 % in 2023, according to the world bank collection of development indicators, compiled from officially recognized.
Economists polled by reuters had forecast inflation would drop to 3.9%,. Annual consumer price inflation pulled back in december, easing to 5,1% from 5,5% in november and 5,9% in october.
